Ocean Summit Homes for Sale

Ocean Summit is a waterfront community in Fort Lauderdale, Broward County, Florida. Active listings are priced from $375,000 to $799,000. Homes were built between 1965 and 1966. Pure Equity lists homes in Ocean Summit and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Ocean Summit and the Fort Lauderdale area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 5 Ocean Summit Fort Lauderdale homes for sale as of October 2026. The median asking price is $475,000. Asking prices run from $425,000 to $799,000.

That is 31% below the Fort Lauderdale median of $693,000. On a per-foot basis, homes here ask about $399 per square foot, compared with $468 across Fort Lauderdale. So the median price buys roughly 1,200 square feet of living area.

Listings here have averaged 178 days on the market. That is slower than the Fort Lauderdale average of 145 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Ocean Summit date from 1965 to 1966. That puts them between 60 and 61 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

Ocean Summit includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

Ocean Summit is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in Ocean Summit have a median asking rent of $3,375 per month, across 4 active rental listings. For comparison, the Fort Lauderdale median is $2,700, so rents here run 25% higher.

For investors, those medians imply a gross yield near 8.5% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Fort Lauderdale rentals or ask us for a rent estimate on a specific Ocean Summit home.

Here is what the median Ocean Summit price means in Florida closing terms. At $475,000, a 20% down payment comes to about $95,000, leaving a loan near $380,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,330. Next, the intangible tax of 0.2% adds about $760. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Ocean Summit median, that is about $3,325.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Ocean Summit listings show assignments to Bayview (elementary), Sunrise (middle) and Fort Lauderdale (high). However, boundaries can change each year, so confirm the assignment for a specific address with Broward County Public Schools.